Bank of New York Mellon Corp Lowers Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Bank of New York Mellon Corp trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 30.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,396 shares of the exchange traded fund’s stock after selling 61,277 shares during the period. Bank of New York Mellon Corp’s holdings in SPDR Gold Shares were worth $33,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter worth $28,000. Roxbury Financial LLC acquired a new stake in SPDR Gold Shares during the fourth quarter worth about $31,000. PayPay Securities Corp grew its holdings in SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 47 shares during the period. Capital Performance Advisors LLP acquired a new stake in SPDR Gold Shares in the third quarter valued at approximately $35,000. Finally, Compass Planning Associates Inc acquired a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $39,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.1 %

Shares of GLD opened at $268.39 on Friday. The firm has a market cap of $80.68 billion, a P/E ratio of -28.59 and a beta of 0.20. The stock’s 50 day moving average is $258.24 and its two-hundred day moving average is $248.05. SPDR Gold Shares has a 12 month low of $198.94 and a 12 month high of $272.32.

SPDR Gold Shares Profile

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).